Sir
Can we claim ITC on insurance
insurance on goods stock bill show in 2A
4 Replies
DIP mulani
(64 Points)
Replied 24 May 2020
Yes you can avail input credit of GST paid on stock insurance as it is an expense incurred in furtherance of business.
Ankit Jhunjhunwala
(2 Points)
Replied 24 May 2020
Can I claim ITC I am a railway supplier. the HSN code is 86
Shivam RC
(Student)
(23683 Points)
Replied 25 May 2020
Yes you can avail ITC on Insurance Bill reflected in your GSTR-2A.
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